Background*

Mr. Germán Larrea Mota-Velasco serves as the Chairman and Executive President of Grupo México S.A.B. de C.V. and served as its chief executive officer. Mr. Larrea Mota-Velasco has been the Chairman of the Board of Directors, President and Chief Executive Officer of Grupo Mexico S.A.B. de C.V. (holding) since 1994. He serves as Chairman of the Board at Ferrocarril Mexicano, S.a. De C.v. He has been Chairman of the Board and Chief Executive Officer of Asarco Incorporated ... since November 1999. He has been the Chairman of the Board and Chief Executive Officer of Grupo Minero México (mining division) since 1994 and of Grupo Ferroviario Mexicano since 1997. Mr. Larrea Mota-Velasco has been Chairman of the Board of Directors and Chief Executive Officer of Empresarios Industriales de México, S.A. de C.V; Perforadora México (drilling company), México Compañía Constructora and Fondo Inmobiliario since 1992. He served as Chief Executive Officer of Southern Peru Copper Corp. from December 1999 to October 21, 2004. He served as the President of Asarco Incorporated from November 1999 to January 2000. Mr. Larrea Mota-Velasco served as the Chief Executive Officer of Southern Copper Corp. from December 1999 to October 21, 2004. He served as Executive Vice President of Ferrocarril Mexicano; MINERA MÉXICO and SPCC / PERU. He served as Chief Executive Officer of Americas Mining Corporation from 2003 to September 6, 2007. He founded Grupo Impresa, a printing and publishing company in 1978 and served as its Chief Executive Officer until 1989. He serves at ASARCO LLC. He has been the Chairman of Southern Copper Corp. since December 1999. Mr. Larrea Mota-Velasco serves as the Chairman of Americas Mining Corporation ("AMC") (holding) since 2003. He serves as the Chairman of the Board of SCC/PERU and Mexicano SA De CV. He serves as Chairman of the Board of Southern Peru Copper Corp., Sucursal del Peru. He served as Chairman of Grupo Impresa until 1989. He served as the Chairman of Ferrocaril Mexicano. He served as an Executive Vice Chairman of Grupo Mexico. He has been a Director of Ferrocarril Mexicano, S.a. De C.v. since August 18, 1997 and Southern Copper Corp. since November 1999. He served as a Director of Grupo Televisa S.A.B from April 1999 to September 2014. He serves as Independent Director of Grupo Financiero Banamex, S.A. de C.V. and served as its Statutory Director. He serves as a Director of Grupo Comercial America, S.A. He served as a Director of Banco Nacional de Mexico, S.A. and Bolsa Mexicana de Valores, S.A. de C.V. He served as a Director at Grupo Mexico since 1981. Mr. Larrea Mota-Velasco has Bachelor’s degree in Business Administration from Janus University and Global Leadership Program certificate from Thunderbird School of Global Management.

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